Making Tax Digital, or MTD as it’s now well known, is finally here and businesses should act soon to ensure they are fully compliant.
The majority of UK businesses are required to be MTD-compliant by 1 April 2019. Here we explain a bit more about the penalties you may face if you are not compliant in time, and if you then miss payments.
Have you been avoiding Brexit news? Tired of the confusing headlines and constantly changing dynamics in parliament? As Brexit continues to dominate the news, it can be difficult to keep up. But with just over 70 days left, a no-deal Brexit is still the default position for the UK if MPs can’t agree on an alternative.
Yesterday Chancellor of the Exchequer, Philip Hammond, presented the Autumn Budget for 2018. In this blog we’ve pulled out the key details affecting your business and personal accounting, including changes to Income Tax, the National Living Wage / Minimum Wage, private sector IR35, support for high street businesses, capping of R&D tax relief, entrepreneurs’ relief, and pensions.
The Government have recently announced a consultation on extending the practices introduced last year regarding IR35 in the public sector to the private sector.
Since 2012, the government has been rolling out the compulsory auto-enrolment pension scheme, ensuring all employers provide a pension scheme for their employees. Today all companies are contributing to employee pensions, but has the recent doubling of pension contributions hit your company’s bottom line?
It’s not all ‘Nigerian princes’ who need someone to help them out with a deposit these days, internet fraudsters and hackers represent a big, albeit illegal, business area in 2018. With one in four SMEs having fallen victim to fraud. In this blog we’ll introduce you to some of the latest threats and show you how to avoid your business’ money falling into the wrong hands.
There will come a time in all small business owner’s life when they discover the true cost of replacing a member of staff. Small businesses often run on tight budgets, meaning it is even more important to understand the average cost of replacing someone, and taking steps to prevent it before the eventuality happens.
The Government is making changes to the way landlords pay tax, which for some will mean they’re looking to leave the landlording behind. But if you play your cards right, you can run your rental property business the right way and still be successful.
2018 will see big changes for small and medium sized businesses in the UK. Whether you’re looking to start up a business in 2018 or you’re looking to grow, here’s what you need to know.